Allianz China A-Shares Equity Fund

Sustainable, Responsible &/or ESG Policy:

Objectives & Investment Policy

The Allianz China A-Shares Equity Fund aims to generate long-term capital growth through investment in the Chinese A-Share equity markets of the PRC by aiming to outperform (net of fees) the Target Benchmark, the MSCI China A Onshore Total Return Net (in GBP) over a rolling 5 year period.

The ACD will invest in equities and securities equivalent to equities of Chinese Companies. At least 70% of the Fund's assets shall be invested in Chinese A-Shares directly via Stock Connect or RQFII. In addition, up to 5% of the Fund’s assets may be invested in index certificates and certain other certificates/warrants etc. on Chinese companies. Up to 20% of the Fund’s assets may be invested in securities/instruments of PRC markets which are not Chinese A-Shares e.g. China B and China H Shares listed in Hong Kong. Up to 10% of the Fund's assets may be invested in securities/instruments where the issuer is located outside the PRC in developed and emerging markets countries. The ACD may utilise deposits and money market instruments and their value, together with money market funds, may make up to a maximum of 10% of the Fund’s assets. The Fund may also invest up to a maximum of 10% of the Fund’s assets in other Funds managed by Allianz Global Investors and its group of companies and other collective investment schemes managed by third parties. From time to time the Fund may invest in securities/instruments offered within the scope of IPOs. The Fund may from time to time hold a concentrated portfolio because of its investments in a limited number of equity securities.

This Fund is managed in accordance with the ESG Score Strategy, which considers Environmental, Social and Governance (“ESG”) factors in the analysis of the investments held (or potentially to be held) within the Fund’s portfolio. The ACD will assess relevant companies with regard to their resilience to long-term risk across the three pillars of ESG (risks related to (i) environmental factors; (ii) social factors; and (iii) governance), using the score of these companies calculated by an ESG rating methodology (the “ESG Score”). The ACD intends that the average ESG Score of the companies whose shares the Fund is invested in, will exceed the average ESG Score of the companies whose shares are components of the Fund’s Target Benchmark. The Fund will be monitored in this regard, and if at a given time its average ESG Score does not exceed that of the Target Benchmark, the ACD will adjust its portfolio as soon as reasonably practicable so that the Fund’s average ESG Score does exceed that of the Target Benchmark. Subject to this constraint, the Fund may invest in companies which have a lower or higher ESG Score than the average ESG Score of the Target Benchmark. The calculation of the Fund’s and the Target Benchmark’s average ESG score is rebased so that only issuers with ESG Scores available are considered in the calculation. The Fund may invest in instruments which do not have an ESG Score, but the level of such investment is expected to be low as a minimum of 80% of the Fund’s portfolio (portfolio not including in this respect derivatives and instruments that are non-evaluated by their nature such as cash and deposits) shall be evaluated by an ESG Score. All details of this strategy, and the Minimum Exclusion Criteria which the ACD will apply when selecting investments for this Fund, are set out in the Prospectus under the section headed “The Funds and their Investment Objectives and Policies”.

The ACD may use derivatives for efficient portfolio management (Including for hedging).The Fund is actively managed and although the portfolio manager will consider the sector weightings in the benchmark, it will not be constrained by the benchmark when making individual investment decisions (except in relation to the ESG Score Strategy). The Fund’s portfolio may therefore deviate materially from the benchmark.

Benchmark of the Fund is MSCI China A Onshore Total Return Net (in GBP).

(Source: KIID, as at May 2026)

SDR Labelling:

Unlabelled - promotes sustainable characteristics (has CFD)

SDR Literature:

• Consumer Facing Disclosure